Dogecoin Price at Major Crossroads for Two Reasons
Dogecoin Price Key Highlights. Dogecoin price remained under the bearish pressure, but trading near a major resistance area. The price is at a major crossroads, as there lies a crucial barrier around 58.0 Satoshis for buyers to break. The price continued to trade below the 100 hourly simple moving average (SMA), which is a warning sign. Dogecoin price struggled recently to trade higher, as sellers remained in control and the 100 SMA acted as a hurdle. Sellers in Control. There was a solid downside move noted in the Dogecoin price, as there was a break below a triangle pattern formed on the....
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Key Highlights. Dogecoin price declined recently and cleared a major support trend line, but it turned out to be a false break. A contracting triangle pattern is formed, which is likely to pave the way for a break in the near term. 100 hourly simple moving average is towards the upside, and acting as a hurdle for buyers. Dogecoin price declined, but the break was not real, which forced buyers to push the price back higher. Break Near? We have been following a couple of patterns this week, and were looking for a break in the Dogecoin price. There was a break yesterday, but sellers failed to....
The Dogecoin Price is far lower than it should be. Dogecoin is one of the most popular cryptocurrencies according to many metrics. Traders judge cryptocurrencies on many criterion, all of which sites like CoinGecko specialize in tracking. According to CoinGecko, Dogecoin is 2nd only to Bitcoin. It boasts an active community, which has banded together to achieve a number of incredible goals-such as sponsoring NASCAR driver Josh Wise. Despite these successes, the Dogecoin price has fallen tremendously over the past several months, which does not make logical sense to many now-enlightened....
In a report titled "Bitcoin at the crossroads," released by Deloitte Center for Regulatory Strategies, the issue of regulation of Bitcoin has been discussed at length. The report gives a quick introduction of the virtual currency Bitcoin and its technology blockchain and then swiftly moves on to the question that the report addresses: "how will the Bitcoin be regulated?'. Bitcoin at the crossroads also underlines that this cryptocurrency has attracted scrutiny more quickly and also more broadly than most other emerging technologies in the history. It also lists the problems that Bitcoin....
Despite a strong community and impressive marketing efforts, the Dogecoin price has consistently declined for the majority of 2014. Despite strong community support and impressive marketing efforts, the Dogecoin price has declined consistently for the majority of 2014. The reasons for the Dogecoin price decline are not immediately clear, although the decline may be related to Dogecoin's economic model. If Dogecoin does not recover soon, Reddcoin may challenge its place as the leading social and tipping currency. Dogecoin Price Decline Continues. Dogecoin investors should be worried.....
Dogecoin is by far one of the most popular coins among cryptocurrency fans all over the globe. Since its launch in late 2013, dogecoin has been endorsed by a strong supporting community and innovative marketing efforts. However, a closer look at doge/btc price charts reveals that throughout the majority of 2014, the price of dogecoin has been declining. The price of dogecoin topped up to over 250 satoshis in Febraury, yet it fell down to 50 satoshis in June and since then, it stabilized around 50-60 satoshis. The dogecoin market capital exceeded 80 million US$ early in 2014, but within....